Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) has signed a partnership that aims to undertake a machine-learning data review of the Silver Hope Property, a significant asset in Finlay’s portfolio, to delineate and refine future drill targets.
Finlay announced the partnership with the machine learning specialist ALS GoldSpot Discoveries which aims to reduce capital risk while increasing the efficiencies and success rates of the project.
The team will merge all available geophysical, surface geology/geochemistry, and drilling data on the Silver Hope Property to develop a prospectivity report and targets. The objective is to identify signatures similar to the known mineralized trends and enhance other prospective targets for future drilling.
The Silver Hope Property, located in British Columbia’s Nechako Plateau, is known for its past-producing deposits and potential for new discoveries. The property covers 213.11 km2, providing a vast area for exploration. Finlay’s previous drilling has discovered low-sulphidation copper-silver ± gold mineralization along the Main Trend towards the south of the Equity Main Zone.
In addition to the machine-learning data review, Finlay Minerals Ltd. has also announced the commencement of a LiDAR survey. The survey will consist of 80.3 line kilometers, covering 180 km2 of the property, including the Main Trend, Equity East, Allin and the Sam Zones.
The survey will generate a detailed digital elevation model, which will be used to further refine targets.
The partnership with ALS GoldSpot Discoveries and the upcoming LiDAR survey are part of Finlay’s larger exploration strategy. Additional field work is planned to begin in late Spring, 2023.
Finlay stock stayed flat on Tuesday at $0.03 on the Canadian Ventures Exchange.
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This area is known for its numerous past-producing deposits including Equity Silver, Silver Queen, Bell-Granisle, Huckleberry and Endako Mines. Graph via Finlay Minerals.
“The data review by ALS GoldSpot, will go a long way towards enhancing the various targets previously generated by drilling, soil geochemistry, ground IP, airborne magnetic and ZTEM geophysical surveys, in addition to developing new targets,” Finley CEO Robert Brown said.
“The West, Main, and East Trends encompass an area of 2 by 2 km, while the Equity East and Allin Zones encompass an area of 2.5 by 3 kilometres – both are large areas with known mineralization and potential for further discoveries.”
Located 38 kilometres southeast of Houston, in the Nechako Plateau of British Columbia, the Silver Hope Property holds a strategic position, the company says.
This area is known for its numerous past-producing deposits including Equity Silver, Silver Queen, Bell-Granisle, Huckleberry and Endako Mines.
Finlay’s drilling operations have successfully unearthed low-sulphidation copper-silver ± gold mineralization along the Main Trend, south of the Equity Main Zone. This precise drilling has led to the identification of the Hope, Superstition and Gaul Zones. These zones feature a west-dipping mineralized trend that spans 2 km along the strike.
Several companies, including Centerra Gold (TSX:CG), Surge Copper (TSXV:SURG), Equity Minerals (TSXV:EQTY), Sun Summit (TSXV:SMN), Universal Copper (TSXV:UNV) and Imperial Metals (TSX:III), are actively engaged in exploration in the region.
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Energy sector applying advanced technologies
More mining companies are transitioning their operations to integrate advanced technologies such as artificial intelligence and remote sensing with the aim to reduce resources, save time and get better results.
Australian copper giant BHP Group Limited (ASX: BHP) and Microsoft Corp. (NASDAQ: MSFT) recently announced they have joined forces to use artificial intelligence to improve copper recovery at BHP’s Escondida mine in northern Chile.
Last April, Huawei and Shaanxi Coal and Chemical Industry Group Co., Ltd announced that two 5G and AI-connected mines in the Shaanxi province of China have been in operation for a year showcasing the benefits of the technology.
Other firms such as Hecla Mining Company (NYSE: HL) will start to map two of its mines in North America using 3D mapping software to reduce production downtime and bring higher-quality information to its geologists.
